Bitcoin gaming is becoming increasingly popular among online slots real money casino gamers as more and more casinos accept bitcoin as a method for transferring funds to and from gamers' casino accounts.
For players who have not yet explored the advantages that bitcoin gaming offers, it's important to understand exactly what bitcoin gambling involves, how to play with bitcoin and why it's preferred by more and more real money casino gamers.
Join Grande Vegas as we explore everything about bitcoin gambling.
Bitcoin
Bitcoin is the world’s first and most recognized cryptocurrency. It's a decentralized currency which means that no government, organization or single entity controls it. You can buy bitcoins through a bitcoin exchange and then transfer them securely via peer-to-peer transactions over the internet without the involvement of any banking institution or other centralized authority.
Public ledgers – "blockchains" are maintained on networks of computers where every bitcoin transaction is recorded. Cryptocurrency is believed to be the most secure method of transferring funds because the advanced cryptographic techniques used by Bitcoin is immune to tampering. Each user's bitcoin assets are held in a digital wallet that's protected by private cryptographic keys that give them security and complete control over their own funds.
Bitcoin is preferred by online casinos and many of their customers because it's digital and borderless. It offers anonymity as users don't need to reveal their identities as they transfer funds via unique cryptographic addresses. Bitcoin can be used for investment or to transfer funds for online purchases of goods and services.
Bitcoin Gaming
Bitcoin is quickly becoming the preferred method of real money gaming for online casino players worldwide. There are many different types of cybercurrency today, but Bitcoin, including Bitcoin Cash, have proven to offer online players one of the fastest and safest methods to transfer funds to and from their casino accounts.
In addition to the enhanced security, Bitcoin gaming offers players the chance to keep their transfers private. There's no need to provide extensive personal and financial details when betting with Bitcoin – you simply supply your digital wallet address and you can start playing real money games immediately.
The casino also favors Bitcoin transfers which are typically faster than those of other ebanking institutions. Deposits with crypto are often instant, and withdrawals can be processed in minutes or hours, rather than days or weeks. Gamers pay lower transaction fees when playing with Bitcoin than they would with a credit/debit card or other ebank and currency conversions can be facilitated with better rates than those of a traditional ebank.
How to Use Bitcoin
Some people shy away from using cryptocurrencies because they believe that they're complicated but in truth, you can learn how to make Bitcoin transfers in minutes.
To make Bitcoin or Bitcoin Cash deposits, create your casino account and then navigate to the Banking Page. You'll see multiple ebanking options, including the Visa credit card, the ECO voucher card, Wire Transfer and Transfer Money transfer services and Bitcoin, Bitcoin Cash and Litecoin cryptocurrency ewallets. Note: while most transfer methods involve an additional bank-processing fee, when you transfer with Bitcoin or Bitcoin Cash, you pay no additional fees. Choose "Bitcoin" or "Bitcoin Cash" and all subsequent deposits will be facilitated via your Bitcoin or Bitcoin Cash ewallet.
Next, check to make sure that your Bitcoin or Bitcoin Cash ewallet is up, running and funded. Choose the type of wallet that you want (custodial or non-custodial, hot or cold) and download the software for the wallet. Secure your new wallet with a strong password and a recovery phrase – write down your password and phrase in a place that you'll remember, because if you forget it, there's no other way to recover that password or phrase. You might also want to enable two-factor authentication.
Now you're ready to fund your wallet by purchasing crypto coins, either by transferring existing crypto from another wallet or buying it through an exchange.
Return to the Banking Page at the casino and get ready to make your first deposit. Click "Bitcoin" or "Bitcoin Cash" as your preferred deposit method and you'll be provided with the casino's deposit address. Copy that address (a long string of letters and numbers or a QR code) and then go to your crypto wallet.
Insert your crypto wallet password to access your wallet and initiate the transfer by pasting the casino's address and specifying the amount you wish to deposit. Confirm the transaction. It should be processed on the blockchain within minutes.
When you're ready to collect your winnings, go to the casino's Banking page and request to withdraw your winnings. For the first withdrawal, you'll be asked to verify your account with colored photocopies of your ID and proof of address. In general, withdrawals can take up to 7 business days but crypto withdrawals are generally facilitated more quickly.
Bitcoin Bonus
When you play at Grande Vegas, you can take advantage of the casino's Bitcoin Bonus Promotions:
- A 250% match bonus up to $1000 with the promo code BIT250.
- A 150% match bonus up to $2500 with the BIT150 promo code.
Before you make your crypto deposit, enter the code in the “coupons” section. The bonus money will automatically be credited to your account.
Make the most of your online casino experience by playing with Bitcoin at Grande Vegas!
